Application of IFRS 9 Financial Instruments and the Exposure to Credit Risk (Case Study in Ecuador)

Manya Orellana, Marlon Vicente y González Rabanal, Miryam de la Concepción . (2023) Application of IFRS 9 Financial Instruments and the Exposure to Credit Risk (Case Study in Ecuador). Ilomata International Journal of Tax and Accounting

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Título Application of IFRS 9 Financial Instruments and the Exposure to Credit Risk (Case Study in Ecuador)
Autor(es) Manya Orellana, Marlon Vicente
González Rabanal, Miryam de la Concepción
Materia(s) Economía
Abstract The pandemic has caused many businesses to experience a significant decline in revenue and profitability, leading to a decrease in the value of their assets. As a result, companies may need to assess whether their assets have been impaired and take an impairment charge if necessary. This caused companies in general to modify the accounting treatment under the international standard IFRS 9 applicable from 2018. The objective of this article is to determine the portfolio risk that affects the calculation of these provisions, through a case study in Ecuador. The research approach used was mixed (qualitative and quantitative), since various types of data collection tools were used to process the information. The data treatment in the qualitative approach consists of the analysis of the phenomenon related to the exploration for the understanding of the IFRS 9 accounting standard. On the other hand, the quantitative approach intends to analyze the research variables and measure them numerically with the use of statistical methods using Binary Logistic Regression. To this end, a database of clients of a non-financial company was analyzed, and the composition of its portfolio segmented by day of delay, observing the component called probability of default (PD), which was determined by binary logistic regression. A model was obtained that allowed to obtain the desired probability, and consequently under the approach of IFRS 9, the calculation of the expected credit loss (ECL). The results obtained estimated a portfolio impairment of 23%, compared to the baseline scenario of 9%.
Palabras clave IFRS 9
Impairment
Default
Credit
Regression
Editor(es) Yayasan Ilomata
Fecha 2023-04-30
Formato application/pdf
Identificador bibliuned:DptoEAyGP-FDER-Articulos-Mcgonzalez-0002
http://e-spacio.uned.es/fez/view/bibliuned:DptoEAyGP-FDER-Articulos-Mcgonzalez-0002
DOI - identifier https://doi.org/10.52728/ijtc.v4i2.723
ISSN - identifier 2714-9838; eISSN 2714-9838
Nombre de la revista Ilomata International Journal of Tax and Accounting
Número de Volumen 4
Número de Issue 2
Página inicial 324
Página final 340
Publicado en la Revista Ilomata International Journal of Tax and Accounting
Idioma eng
Versión de la publicación publishedVersion
Tipo de recurso Article
Derechos de acceso y licencia http://creativecommons.org/licenses/by/4.0
info:eu-repo/semantics/openAccess
Tipo de acceso Acceso abierto
Notas adicionales La versión registrada de este artículo, publicado por primera vez en International Journal of Tax and Accounting, 4(2), 324-340, está disponible en línea en el sitio web del editor: Yayasan Ilomata, https://doi.org/10.52728/ijtc.v4i2.723
Notas adicionales The registered version of this article, first published in International Journal of Tax and Accounting, 4(2), 324-340, is available online at the publisher's website: Yayasan Ilomata, https://doi.org/10.52728/ijtc.v4i2.723

 
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Creado: Wed, 06 Mar 2024, 21:26:27 CET